Why we do it

WHY?

The nature of investments has changed

Sell-side equity research is undergoing an evolution thanks mainly to technology. however improvement over time but still has key issues which have can affect investment decision quality. This non-exhaustive list is as follows:

Experienced analysts have left the field – global spend across investment banks on research resource down 40% since 2008

Stricter rules governing corporate access

Consensus forecasts are generic, rely on company guidance, non-responsive to new information.

Asset Managers have built their own research capability

Traditional sell side research will be replaced or augmented by differentiated alternatives

Declining value of traditional sell-side research

Regulatory changes to further ‘unbundle’ commissions will force investment managers to pay only for substantive research

Data driven analysis assists in making better investment decisions

Sell-side research can sometimes miss out on the big picture – stocks don’t exist in a vacuum – the sector and industry performance should also be understood

Equity research can be too detailed and not straight to the point – investors have little time to read lengthy reports

The QMG approach is all about addressing these issues and industry changes but in a way that provides benefits to our users.ational accounts to provide its monthly insights.a level just above the individual company) the signals generated each month are hard to ignore.